Hints and tips:
...The number of people opting to keep their funds in drawdown has overtaken those choosing to buy guaranteed income via an annuity....
...“There is a concern that as people build bigger savings pots or have access to large pension funds, they will choose to invest in areas that may not be in their best interest....
...those freedoms to access their savings instead of buying annuities....
...First, we will give five million pensioners access to their annuity. For many an annuity is the right product, but for some it makes sense to access their annuity now....
...First, we’re paying less in welfare and saving money on public service pensions because of lower inflation and more people in work. That saves £4 billion a year....
...This is because without funds to pay their mortgage, their car and their phone, the unemployed person’s search for a new position is impaired....
...Difficult decisions on public service pay and pensions. Further savings in departments. A cap on welfare bills....
...But the chancellor isn’t spelling out which schemes will suffer to pay for this – my bet would be the £1bn ‘train to gain’ fund (used to help companies send staff on training)....
...Through these instruments, the Ministry of Textiles has set an ambitious target of training 30 lakh persons over 5 years. Social Welfare 94....
...From October 2009, we will change the rules for Housing and Council tax benefit so that parents are better off in work than on benefits....
...Back to top Pensions Labour: - Introduction of a pension protection fund, supported by a pensions regulator, to pay out pensions when employers go bust, guaranteeing 100 per cent for pensioners and 90...
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